Glacier Bank Review: Regional Bank That Provides a Variety of Services
Written by
Rudri Bhatt Patel, CFHC™
Edited by
Joe Evans
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Glacier Bank has personal banking products, as well as retirement and investment products, home equity and consumer loans, mortgages and business loans. The bank serves customers in nine states, but people in this region will benefit from the number of checking accounts and no minimum deposit requirement.
Glacier Bank Checking Accounts
Glacier Bank offers four checking accounts: Total Free Checking, Easy Internet Checking, 50+ Interest Checking and Premier Interest Checking. Here’s a look at some key details:
- All checking accounts require no minimum deposit.
- No monthly service charges on Total Free, Easy Internet and 50+ Interest checking.
- Premier Interest Checking has a monthly service charge of $6 if the balance is below $1,500.
- Easy Interest Checking, 50+ Interest Checking and Premier Interest Checking all earn interest.
- Unlimited check writing is available for all accounts.
Glacier Bank Checking Account
Best For
Checking Accounts
National Banks
No Minimum Deposit
Multiple Options
Premium Checking
All checking accounts require no minimum deposit
Glacier Bank offers four checking accounts that can address your everyday needs because they require no minimum deposit, and three out of four checking accounts earn interest.
Fees
$0 or $6
APY
Up to 0.5%
Min Opening
$0
Pros
- No minimum deposit required
- Funds are FDIC-insured
Cons
- You earn nominal interest
- Accounts with perks require a hefty minimum deposit
- Maintenance fees for Total Free, Easy Internet and 50+ Interest Checking
Why We Like It
Glacier Bank offers four different checking accounts that can be opened with no minimum deposit, and three out of the four accounts can earn interest.
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Glacier Bank Savings Account
Glacier Bank offers one savings account that requires no minimum deposit. Here are the details:
- Minimum balance of $100 required if you want to avoid a $2 monthly service charge.
- No minimum deposit is required.
- Funds are FDIC-insured.
- You can link your savings account to your personal checking account.
Glacier Bank Savings Account
Best For
Customer Service
National Banks
Low Fees
Great for Everyday Savers
Savings Accounts
Glacier Bank offers one savings account that caters to everyday savers
Glacier Bank is ideal for people who want a no-nonsense everyday savings account that can be linked to a checking account.
Fees
$2
APY
Unpublished online
Min Opening
$0
Pros
- Low minimum deposit for a regular savings account
- FDIC-insured
- Monthly maintenance charge is low
Cons
- Website doesn’t list APY
- Only one savings account option
- Complaints regarding mobile experience
Why We Like It
Glacier Bank offers one option for everyday savers.
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Glacier Bank CD Accounts
Glacier Bank CDs are available with a minimum deposit of $500.
- CDs are FDIC-insured.
- APYs may change upon renewal.
- Early penalty withdrawals apply.
Glacier Bank CD Accounts
Best For
Customer Service
National Banks
CD Accounts
No Maintenance Fees
Compounding Interest
If you’ve got extra cash, Glacier Bank CDs are accessible
Glacier Bank offers CDs with a variety of terms and requires a $500 minimum deposit.
Fees
No monthly maintenance fees
APY
Call your local branch
Min Opening
$500
Pros
- Interest compounds daily
- FDIC-insured
- APYs can change at renewals
Cons
- APYs and terms are not found on the website
- Limited liquidity
- Early withdrawal penalty
Why We Like It
Glacier Bank CDs offer a way to capitalize on extra funds.
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Banking Experience
Glacier Bank customer service is accessible. To contact Glacier Bank with questions, dial 1-800-735-4371, which is the general service number. You can contact customer service during the following hours: Monday to Friday, 8:00 a.m. to 5:00 p.m. MT, and Saturday/Sunday, 8:00 a.m. to 5:00 p.m. MT
Glacier Bank’s app on Google Play is rated 4.5, while on the Apple Store the rating is 4.8.
How Does Glacier Bank Compare?
SELECTED BANK
Glacier Bank Checking Account
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$0 or $6
$7 to $25, waivable
$0 or $15, with options to waive
APY
APY
APY
Up to 0.5%
N/A
N/A
Min Opening
Min Opening
Min Opening
$0
$0 to $25
$0
SELECTED BANK
Glacier Bank Savings Account
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$2
$0 to $5 waivable monthly charge
$5 monthly, waivable
APY
APY
APY
Unpublished online
Up to
Min Opening
Min Opening
Min Opening
$0
$0 to $25
$0
SELECTED BANK
Glacier Bank CD Accounts
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
No monthly maintenance fees
No monthly service fee
No monthly service fee
APY
APY
APY
Call your local branch
Up to
Up to
Min Opening
Min Opening
Min Opening
$500
$1,000
$1,000
Glacier Bank vs. PNC Bank
Glacier Bank is located mainly in Montana, Wyoming and Idaho, while PNC has locations in over 27 states. Glacier Bank offers a CD that requires a minimum deposit of $500, while PNC’s CDs require a $1,000 minimum deposit.
Glacier Bank doesn’t publish its APYs on CDs, while PNC Bank’s highest rate is up to 3.65%.
Glacier Bank vs. KeyBank
Glacier Bank requires a minimum deposit of $0 on its savings accounts, while KeyBank requires $10.
KeyBank also has much higher monthly maintenance fees on its checking accounts than Glacier Bank does — up to $50 versus $6.
Glacier Bank vs. Chase Bank
Glacier Bank has more of a regional presence, while Chase Bank has multiple nationwide locations. If you have higher balances, Chase Bank may be a better fit. Glacier Bank has four checking account options, and if you prefer a personalized experience, this financial center is ideal for you.
Final Take to GO
Glacier Bank offers services and products for everyday consumers and business banking. However, the bank is meant for those living in the Western States. The bank isn’t necessarily digital first, and for those who prefer more of an old-school bank, Glacier Bank may be a good fit. Glacier Bank is ideal for those who want to combine personal and business services.
FAQ
- Is Glacier Bank safe?
- Glacier Bank is safe. Its funds are FDIC-insured. Deposits are insured up to $250,000 per depositor, per ownership category, in the unlikely event of bank failure.
- What is the minimum balance of a Glacier Bank account?
- The checking account requires a $0 minimum deposit, and the savings account requires a $100 minimum deposit. A CD requires a $500 minimum deposit.
- How much money can you withdraw from Glacier Bank on a single day?
- You can typically withdraw $500 per day. However, withdrawal amounts are impacted by the number of accounts and the relationship you have with the bank.
- Does Glacier Bank charge a monthly maintenance fee?
- There are monthly maintenance fees from $0 to $6 for some accounts, but fees are waivable.
- What services does Glacier Bank provide?
- Glacier Bank offers personal and business services, as well as credit cards.
